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Malaysian Airlines

Struggling Malaysian Airlines (MAS) revealed on Friday that it is suspending trading in its shares. The news came out before an announcement was made later in the day on restructuring plan to enable the carrier remain afloat following two devastating air tragedies.

State investment fund Khazanah Nasional, owner of 70% of Malaysia Airlines, made the announcement for plans of delisting and taking the airline private. Now, it is expected that the plans pertinent to reforms will be announced during a press briefing at 3.00pm.